Help to Save open to people receiving Universal Credit

Some Lanarkshire savers are in line for government bonuses worth up to £25 a month to boost their cash pots and help ease rises in the cost of living, HM Revenue and Customs (HMRC) has announced.

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As part of the government's mission to grow the economy and improve lives in every corner of Britain, and deliver its Plan for Change, Help to Save is now open to anyone working and receiving Universal Creditrewarding 550,000 more people.

Its extension to April 2027 means more can benefit from the scheme, which has paid out millions of pounds in bonuses to more than 500,000 people since Help to Save was launched in 2018.

This is evidence of the government backing the most vulnerable in society, with 93 per cent of savers paying in the maximum £50 every month to their Help to Save account.